Five stocks witnessing long unwinding
Long unwinding refers to selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness.
The domestic benchmark indices opened Thursday's trading session on a weak note. At 11.34 am, both Sensex, as well as Nifty, were trading in the red zone i.e. at 56,694.10 and 16,947.20 levels, down by 2.01 per cent & 1.91 per cent, respectively.
Axis Bank and NTPC emerged as the top two gainers of today's session, which climbed 1.06 per cent & 0.07 per cent, respectively.
Following are the stocks where profit booking is seen taking place in the F&O segment:
|
Symbol
|
Expiry date
|
LTP
|
Per cent change
|
OI change (per cent)
|
| GRASIM |
Jan 27 |
1,683.00 |
-2.13 |
-72.18 |
| MUTHOOTFIN |
Jan 27 |
1,416.8 |
-3.10 |
-66.29 |
| SUNPHARMA |
Jan 27 |
801.9 |
-0.94 |
-65.98 |
| PEL |
Jan 27 |
2,314.55 |
-2.08 |
-65.28 |
| ACC |
Jan 27 |
2,154.55 |
-1.26 |
-65.19 |